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P.1 Evaluation of Key Considerations for Growth Opportunities in Organization

   

Added on  2020-12-10

12 Pages4020 Words330 Views
Planning for Growth

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1 ..........................................................................................................................................1P.1 Evaluation of key considerations for growth opportunities in organization ........................1P2 Opportunists for growth through Ansoff's matrix..................................................................3P3 Potential source of finance.....................................................................................................4P4 Business plan for growth with financial and strategic objectives..........................................6P5 Succession option with benefits and limitations....................................................................8CONCLUSION................................................................................................................................9REFERENCES................................................................................................................................1

INTRODUCTIONPlanning for growth is very crucial to every company. Firm can create effective policiesso that it can easily expand and increase the business operations. Thus they can easily earn morerevenues and can easily expand their operations. Thus it leads to increase in reputation in manyparts of world. Hence it can maintain positive image in the market and in the industry.Assignment describes about the Fontain Motors which is a small auto mobile company (Byrne,Sipe and Dodson, 2014). It was found in U.K. Report explains about the evaluation of keyconsiderations for growth opportunities. It also describes about the applying the Ansoff's matrixfor growth. It further explains about the potential sources of funds and their benefits. It describesabout the business plan with financial and strategic objectives. It further explains about the exitand succession option of business with the advantages and disadvantages. TASK 1 P.1 Evaluation of key considerations for growth opportunities in organization Fontain motors is a small SME. Hence company has to create policies and methods sothat it can grow their business and can easily maintain a good reputation in the market and inindustry. Firms has to monitor demand and requirements of all users and thus create variouspolicies so that it can easily maintain good image in market. It can create effective policies sothat it can easily create many auto mobile and sell new vehicles and can also sell old vehicles atsame time. It can use many many advanced methods and procedures so that it can sell many vehiclesand can easily enhance their sales. Thus as a result they can easily expand their sales andoperations. It can create innovation in their vehicles and can also create distinct and uniquevehicles so that it can give pleasing and unique experience to all users. It can also grow their business by expanding their operations in many countries. This canbe possible through internet websites. Company can create attractive applications and creativewebpages which can directly attract many users (Chen and et. al., 2014). It also put manycreative and attractive images and pictures of cars so that all people can watch their quality andcan easily purchase it. Thus as a result they can easily attract many users. It can also use manyadvanced techniques and tools so that it can create many auto mobiles. Thus they can give goodmileage for future period of time. Hence as a result they can easily capture old as well as new1

customers. This helps the business to earn more revenues and they can also enhance their marketshare. Thus various factors considered by Fontain Motors are:Competitive advantage: Company can easily give competition by creating effective strategiesand operations. They can create various plans and policies so that they can easily createinnovative vehicles which give good mileage. Company can deliver the effective vehicles withgood seats and they can also have longer life as compared to other Vehicles provided by therivals (Floyd, 2015). They can also create policies and plans to promote their auto mobilebusiness through online applications and internet applications. Hence they can reach to manypeople located in many countries. Thus as a result they can easily maintain good image invarious countries. Hence they can easily expand their operations. New products and services: In this company can create various plans and policies so that theycan deliver new products with the old Vehicles. Company can create new auto mobile withadvanced and unique features so that it can gain attention of all people. Company can deliverinnovative features such as good mileage and good speed. It runs smoothly and company alsorepair all vehicles using advanced techniques. Through this any vehicle can run for longer periodas compared to other vehicles. Company can also provide rapid services by communicating withthem. It can solve all issues and problems of all people by creating a unique application where allpeople can give their views and suggestions. Email is send to them regarding the repairs andmaintenance services,. Thus company can easily repair the damaged vehicle. Innovation: Company can perform innovation by innovating products in a unique manner. Thusas a result they can easily maintain good position in the market. They can put a additional featuresuch as of auto cleaning and it can easily clean the seats in the auto mobiles. Thus as a result itcan easily attract many users. It can also create auto mobiles in such a manner so that it haslonger life as compared to other vehicles. It is strong and water proof car. It has various balloonswhich prevents persons sitting in car from any accident. These features help the company toregain many users and to increase the market share (Gunder and Hillier, 2016). Collaboration: Company can perform merger and can perform strategic alliance with anyorganizations so that it can create and maintain good and unique image in the industry. Thus as aresult firm can perform merger with many small companies and can easily grow their business.2

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